The SEC’s 50-person crypto unit is getting a shakeup with some staff reassigned to other areas, The New York Times reports.
The US Securities and Exchange Commission is reportedly starting to scale back its 50-staff crypto enforcement unit.
Some of the lawyers in the crypto unit will be assigned to other departments in the agency, The New York Times reported on Feb. 4, citing five people with knowledge of the matter,
One of the crypto unit’s top lawyers was also moved from the SEC’s enforcement arm, which some complained was an unfair demotion, according to the sources.
